Cable Resources

Paramount Pictures signs deal with China's BesTV

SHANGHAI, Jan 23, 2013 (Xinhua via COMTEX) --
U.S. film giant Paramount
Pictures has signed a copyright deal with BesTV New Media, a
subsidiary of Shanghai Media Group, offering top movies to the
Chinese audience.

According to the deal, BesTV will have the copyrights of
Paramount films, including the Academy Award-winning film "Hugo,"
as well as new releases. It will broadcast them via its Internet
TV and IPTV Premiere services.

Established in 1912, Paramount has produced many blockbuster
movies.

The first batch of films to be shown by BesTV are Paramount
series -- "Mission Impossible," "Transformers" and "Star Trek."
Films like "Forest Gump" and "Ghost" will follow.

Industry expert, Bao Ran, chief of Digital Entertainment
Industry Applications Group, said the deal was a sign of the
American movie industry increasingly focusing its attention on the
Chinese market, as China's fast growing new media and Internet
sectors are luring audiences with Hollywood blockbusters.

BesTV boasts tens of millions of subscribers in China. The
company has previously signed cooperation deals with other film
producers such as Disney and Warner Bros.